CNN Money: University of Phoenix has lost half its students
Enrollment at the University of Phoenix fell from about 460,000 to 213,000 in five years as its parent company reported further losses.
The University of Phoenix has lost half its students in five years, falling from about 460,000 to 213,000, as parent Apollo Education Group reports more losses.
The University of Phoenix probably wishes the students were just cutting class. But many aren’t even enrolled anymore.
Enrollment at America’s largest for-profit university was about 460,000 students five years ago. Now it’s 213,000.
The University of Phoenix’s parent company, Apollo Education Group (APOL), announced more losses Wednesday. Its revenues and enrollment both sank roughly 14% in its latest quarter compared to a year ago.
Apollo CEO Greg Cappelli tried to strike an optimistic tone, but investors gave the stock an “F” for falling. The stock tanked almost 30% Wednesday.
Read the rest of the story on CNN Money.
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